NOVEL CORONAVIRUS IMPACT ON THE E-LEARNING INDUSTRY.


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Uploaded on Oct 15, 2020

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NOVEL CORONAVIRUS IMPACT ON THE E-LEARNING INDUSTRY.

NOVEL CORONAVIRUS IMPACT ON THE E-LEARNING INDUSTRY INTRODUCTION • Millions of kids take online school classes from home globally including in India, have a great responsibility to offer online e-Learning to students worldwide. Source: news18.com NEW NORMAL • e-Learning or online education is the new normal. In future, we will see the proliferation of information technology tools and gadgets, post-COVID-19. • But internet and broadband will remain an issue. Source: news18.com E-LEARNING IN INDIA • If e-Learning apps like BYJU's and Khan academy are targeting schools, others like Adda24x7 are offering specialized coaching for entrance exams like IIT and JEE. • There will be a surge in online education by schools and colleges in the country. Source: news18.com TELECOM INDUSTRY • The telecom industry is fully prepared with 99.9 per cent network capacity. The telecom companies have taken appropriate measures to meet the surge in traffic due to online education and other online activities using telecom infrastructure. Source: ET SHIFT TO ONLINE PLATFORM • The eLearning Guild recently ran a survey to find out how the pandemic was impacting the guild members. They found that a large-scale shift to online from face-to-face format is happening right now. • This is clearly a positive sign for the eLearning industry. Source: ET POST COVID-19 • We must acknowledge that this is more of a tactical move, one that is being embarked upon as an inevitability in the absence of other alternatives. • We must ensure that this rushed move does not create a bad impression as it may not be positive for the industry in the long term, particularly the post- COVID19 days. Source: ET MAJOR CHALLENGES OF ONLINE LEARNING • While the transition to online learning gave many schools a chance to salvage the spring semester, it didn’t come without its challenges. • Students and educators were met with a number of unprecedented obstacles that made shift more complex than originally thought. Source: socialbakers.com EMERGING OPPORTUNITIES FOR THE EDUCATION INDUSTRY • While the abrupt overhaul in learning styles has come with its fair share of obstacles, it’s also managed to open the door to new opportunities. • In fact, the urgent demand for digital learning has been a driving factor for providing more educational resources to students as coronavirus sets new waves of digital transformation. Source: ecampusnews.com OPPORTUNITIES • Free Online Courses • Remote Teaching/Learning • Reaching Students via Social Media • Unique Learning Experience • Virtual Campus Tours Source: smyviewboard.com E-LEARNING MARKET GROWTH • E-Learning Market size surpassed USD 200 billion in 2019 and is anticipated to grow at over 8% CAGR between 2020 and 2026. • The advent of several new technologies, such as cloud computing and AI coupled with increasing internet penetration across the globe will drive the market growth. • Rapid cloud adoption provides flexibility in content storage, sharing, and access to both learners and content providers. Source: socialbakers.com